Wednesday, August 24, 2022

Morning Post 08/24/2022 SPX

Good v evil 

On to the lie - 

Minis up 6. I expect a whole lot of nothing till Powell Friday morning. Does he pull a Bernanke and start easing again when things get tough? Passing the buck seems to be the main job as Fed chair - couldn’t resist that one. Anyway, she’s in a relatively narrow consolidation area with decent support and resistance. All we can do is wait. What reality says should happen and what happens are usually very different. Follow the Fed. (You know what I want.)

More to come below. 

Have a good day. 

GL and GB!

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